Ask HN: How do you come back from a failed acquisition?
throwaway and anonyous CTO and cofounder here - we have been around for 2 years, and for the last 2 months in serious talks with a major ($6bn t/o) company to sell our startup. the deal would clearly be great for the founders personally - but also provide fantastic strategic assistance to the startup, propelling our user adoption to insane levels and giving us the financial backing to scale. We were told last week that the VC who backs this large co won't do the deal for internal politics reasons. Bigco (right up to VP level) still want to do it, but can't. we've broken off talks, have lost months of traction and work - aside from the enormous emotional cost, and i'm personally totally despirited. the thought of leaving product alone again and getting into months of further VC courting to raise the money leaves me cold. what's more, our current VCs & ang
Why it failed
throwaway and anonyous CTO and cofounder here - we have been around for 2 years, and for the last 2 months in serious talks with a major ($6bn t/o) company to sell our startup. the deal would clearly be great for the founders personally - but also provide fantastic strategic
- Kind
- startup
- Status
- Shut down
- Inventor
- droppedcothrow
- Ended
- 2013
- Source
- hackernews